Dec, 31, 2023 — KRAFTCOR FEDERAL CREDIT UNION is a federal credit union headquartered in HAWESVILLE, KY with 1 branch location and about $14.87 million in total assets. Opened 52 years ago in 1972, KRAFTCOR FEDERAL CREDIT UNION has about 1,488 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | KRAFTCOR FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2960 Squirrel Tail Hollow Rd HAWESVILLE, KY 42348 |
| Phone: | (270) 927-8293 |
| Fax: | (270) 927-8572 |
| Website: | https://www.kraftcorfcu.org |
| Branches: | 1 branch locations |
| Members: | 1,488 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 20891 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1972 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $14,866,972 |
| CEO/Manager: | Mallory Miller |
| Chairperson: | David Emmick |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 809,648 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,955,565 |
| Unsecured Loans | 558,525 |
| Other Loans | 4,484,101 |
| TOTAL LOANS | 7,998,192 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -37,719 |
| Land And Building | 88,722 |
| Other Fixed Assets | 114,501 |
| NCUSIF Deposit | 163,919 |
| All Other Assets | 0 |
| TOTAL ASSETS | 14,866,972 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 104,993 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,250,322 |
| Regular shares | 8,397,475 |
| All Other Shares & Deposits | 2,818,064 |
| TOTAL SHARES & DEPOSITS | 13,465,861 |
| TOTAL LIABILITIES | 13,570,854 |
| Regular Reserve | 0 |
| Other Reserves | 177,671 |
| Undivided Earnings | 1,118,447 |
| TOTAL EQUITY | 1,296,118 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 14,866,972 |
| INCOME & EXPENSE | |
| Loan Income | 468,064 |
| Investment Income | 81,646 |
| Other Income | 52,569 |
| Total Employee Compensation & Benefits | 315,244 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 557,521 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 37,719 |
| Cost of Funds | 55,960 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -131,931 |
| ↑ Back to Top | |